Terms & Conditions

Is An AFFIN ISLAMIC Home Financing Right For Me?

AFFIN ISLAMIC Home Financing packages come with a lock-in period of 3 to 5 years depending on the package. It is suitable for acquisition of residential property (completed and under construction), refinance (completed only) and sub sale.

AFFIN ISLAMIC offers two innovative home financing packages - Home Invest-i and Home Assist Plus-i. Both packages are part of a new financing product based on Musharakah Mutanaqisah (MM) or Diminishing Partnership.

For those intending to finance less than RM200,000, Home Assist Plus-i from AFFIN ISLAMIC would be the ideal package. The offer includes up to 95% margin-of-financing packages, inclusive of 5% Mortgage Reducing Term Takaful (MRTT) financing. The profit rate on all AFFIN ISLAMIC’s home financing packages are calculated on a daily rest basis.

For property value of RM200,000 and above, you may apply Home Invest-i, and get up to 95% margin-of-financing packages, inclusive of 5% MRTT financing. Applicants may apply for a maximum financing period of 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or up to age 70, whichever comes earlier.

AFFIN ISLAMIC Home Financing Packages

AFFIN ISLAMIC comes with two home financing packages to suit various individual needs in the form of Home Invest-i and Home Assist Plus-i. The key features of each package are highlighted here:

Product

Key Features

Is this a flexi package?

Home Invest-i

Allows more savings with profit calculated on daily basis

Allows for payment in excess of instalment amount

For all properties valued at RM200,000 and above

20% discount on stamp duty

No

Home Assist Plus-i

Allows more savings with profit calculated on daily basis

Only for properties valued between RM100,000 and RM200,000.

20% discount on stamp duty

No

Details of AFFIN ISLAMIC’s Flexi Home Financing Packages

AFFIN ISLAMIC does not offer Flexi Home Financing Package for Home Invest-i and Home Assist-i. However, AFFIN ISLAMIC offers flexible redraw facility when funds are needed.

Am I Eligible for AFFIN ISLAMIC Home Financing?

Regardless whether you are a Malaysian citizen or not, you are eligible for this home financing if you are at least 18 years old and looking to get a property worth at least RM100,000. For Home Assist Plus-i, there is a minimum property value of RM200,000 and a minimum financing amount of RM100,000.

What Documents Will I Need to Prepare?

If you have applied for an AFFIN ISLAMIC home financing, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below:

Sounds Great! How Should I Proceed?

You can use the AFFIN ISLAMIC home financing calculator to calculate your monthly payments, based on your desired property value and financing amount. Once you are ready to apply, you can make a free enquiry through iMoney, and we will call you back. Applying for a home financing package with iMoney is absolutely free of charge.

If you are not sure whether this package by AFFIN ISLAMIC is your best option, click here to compare other home financing in Malaysia.

Is It Easy to Pay my AFFIN ISLAMIC Home Financing?

Some of the ways you can pay your AFFIN ISLAMIC home financing include:

If you are looking for other home loans, you may also consider

The home loan rate from AIA starts from 4.99%. It does not come with the option of a flexi loan package and there is a maximum of 90% margin of financing. There is a 5 year lock-in period for this home loan.

Bank Islam provides a housing loan rate starting from Base Rate (BR) 3.90%. The option of a flexi loan package is not available and there is a maximum of 90% margin of financing. The lock-in period for this housing loan is 5 years.

At Maybank, the profit rate starts from Base Rate (BR) 3.20%. It does come with the option of a flexi loan package and there is a maximum of 90% margin of financing. There is a 3 year lock-in period for this home financing.